News by Halim Yaacob

EWI Capital Bhd (formerly Eco World International Bhd) is repositioning its portfolio towards income‑generating office assets even as near‑term earnings remain weighed down by impairments and foreign‑exchange losses.

Axis Real Estate Investment Trust (Axis‑REIT) is proposing to acquire a fully occupied distribution centre in Bandar Saujana Putra, Selangor, from courier and logistics player City‑Link Express (M) Sdn Bhd for RM128 million in cash.

Pesona Metro Holdings Bhd reported revenue of RM705.9 million and profit before tax (PBT) of RM66.0 million for FY2025. Its property development division recorded PBT of RM43.3 million during the financial year.

Ajiya Bhd has booked a gain of about RM14.3 million from the disposal of its shares in Tanco Holdings Bhd, reducing its position during a decline in the property developer’s stock.

The Ministry of Housing and Local Government (KPKT) has allocated RM216.44 million to Johor under the 13th Malaysia Plan (RMK-13), Rolling Plan 1 (RP1) 2026, to support housing development, public infrastructure and community wellbeing.

Sunway Bhd's indirect wholly owned subsidiary SMCL Haven 3 Pte Ltd and CSC Land Group (Singapore) Pte Ltd have received a letter of award from Singapore's Urban Redevelopment Authority for a parcel of land at River Valley Green, Singapore, at a tender price of S$750.57 million (about RM2.4 billion).

The contract covers two phases of building works under a single award, comprising in total two 46-storey serviced apartment blocks of 540 units each.

Ricloud is described as an AI cloud infrastructure provider serving AI industry participants, hyperscalers, and government entities.

The proposed land disposals were completed last Friday (June 19) after Neuwhite Sdn Bhd paid the balance 90% of the disposal considerations to Ultimate Ivory Sdn Bhd.

The new businesses are expected, once operational, to contribute 25% or more of the group’s net profit and/or result in a diversion of at least 25% of net assets.